Suspended for trading today ................. Oh well comes Mon it could slide below 0.20 n the very brave might b lucky to make 1 or 2 rounds over 0.01 to 0.02 margin lohhhhh
what is the diff between delist and relist at a higher price vs restructure while maintaining the listing of the company? is like saying to the existing shareholders "thank you, bye bye and see you again" ...
now the are reviewing the supplier contrate but as long as mas union still got the support from politician , superman also cannot turn around this ailing air line
retrenched 6000 staffs and removed non-performed seniors probably can save MAS Berhad rm20-25 millions monthly operation cost; is that the right move ?
According to Edge, Khazanah's offer was discussed by its writers.They said that simply put, it was "accept the 27cts or get nothing". I thot you guys might like to know some other thinking out there.
What is khazanah really playing? Does is take privatization to chage the HQ? Does it take privatization to cut unprofitable routes?how about top management and contract renegotiation?? The only thing that requires privatization to change is the dissolution of workers unions. I am going for higher offer or nothing. If i lose money MAS will also goes bankrupt that is if the goverment dare to let MAS goes bankrupt. Your move khazanah.
If RM1.38bn of MAS cash is to SCR-"buy" the remaining 30% (5bn) shares to reduce minority holding to zero, isn't RM414mn of this cash belonging to the minorities? If so, it would is 8.25sen cash per minority share on top of share price? Just thinking aloud.
MAS IS NOT A NET CASH COMPANY!! consider debt and cash burning rate of 7mil a day, current nta is only <0.19. minorities are being paid premium >40% for a LOSS MAKING company. apa lu mau lagi?
am in the money on this counter. just giving probable food for thought to those who bought higher and may want some thoughts for their next meeting with mas officials.
The Govt is definitely not let MAS go into bankruptcy status even if the cash burns out in 6 months time. Think logically. if it goes bust, many others also busts along the line of fire. Will this happen ? If so, then get out of the stock market NOW.
A bailout plan is a bailout plan. It is not an investment plan. But this time around, it is being progressively disbursed and into a NEWCO. This is " corporate game " of highest intelligence.
Tajudin Ramli was bailed out without losing a cent in MAS and he was paid RM8-00 per share in MAS eventhough it was being traded at about RM3.86 then in the late 90s. This arrangement was approved by Tun.
How about ordinary shareholders ? Not even at PAR value of RM1-00 which was MAS ipo price. Ha,ha,ha. The history of MAS is very interesting. See how funds are depleted progressively from this cash rich GLC at one time.
If the government is not bailing MAS, they would have decided to sell their stakes now to any interested parties. Khazanah can just walked off with RM7.00 billion in this ill-fated investment.
guess if MAS to be listed again in 3-5 years from now, i guess the price cud be at least 4x higher than the current offer price ??!! so why the restructuring can only be done when it is delisted and not when it is listed ??? similar to bumi armada, maxis, etc ...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
miapancho
278 posts
Posted by miapancho > 2014-08-27 20:47 | Report Abuse
there are so many good counters on bursa,,so please do not waste your time n energy on this counter